Apr 22, 2013 9:00am EDT
have a worry about the consumer and tax refunds will start coming now. credit conditions support employment and certainly consumer staples look very expensive. >> what about utilities up 19% so far this year? utilities are up 16% and health care up 19%. is your money safe in there? will they continue to hold up? >> we've been overweight utilities so i'm not going to be too uncomfortable with that and that's improvement with natural gas prices and in health care it's been very much about dividends and that we saw reimbursement rates that were supposed to be cut recallier this year, and i think it's too late to be on the healthcare bandwagon. >> sectors like materials which have not been with the rally and do you think some of the underperforming sectors will catch up? >> we are worried about materials still and we have to be careful in the u.s., chemicals are 20% metals and mining and look at the s&p 500 materials sector. europe is a big problem for chemical companies and even though they have shale gas as a feed stock, the problem is 20%, 25% of their business is probably going t
Apr 22, 2013 7:00am PDT
too many." >>> tax-free shopping on the internet could come to an end. mandy drury is here with what's moving your money. we could get a senate vote as early as today. >> absolutely. the whole idea is to collect sales tax on all internet purchases so that basically the day of tax-free online shopping could be numbered. the bill would give states authorities to collect sales taxes on purchases which would give state governments as much as $11 billion per year in added revenue and as you know, there are states out there that can use the extra revenue. another interesting side to this story is online retailers for a long time have been able to undercut their noninternet competitors. names like amazon. and obviously brings and mortar retailers feel it will help level the playing field. you would go to best buy and try things out and then go to amazon and buy it for cheaper. >> gas prices are going down. >> the average price for regular gasoline here fell 11 cents a gallon in the past two weeks to 3.54. in fact, average prices have fallen 26 cents from the peak which was back on february
Apr 22, 2013 4:00pm PDT
business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com none of us think bad things are gonna happen to us. i'm here at my house on thanksgiving day, and i have a massive heart attack right in my driveway. an artery in your heart, it's called the widow maker. and mine was 95% blocked. they took me to the hospital, and the doctor put me on a bayer aspirin regimen. [ male announcer ] aspirin is not appropriate for everyone, so be sure to talk to your doctor before you begin an aspirin regimen. i'm a blue-collar worker. to me, bayer aspirin is another tool. go talk to your doctor. you're not indestructible anymore. ♪ you're not indestructible anymore. oh, hi thehey!ill. are you in town for another meeting? yup, i brought my a-team. business trips add up to famil
Apr 22, 2013 2:00am PDT
's what makes a subaru, a subaru. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> quarter past the hour now. i'm john berman live in boston this morning. let's bring you up to date. krystle campbell will be laid to rest later this morning. she's one of the three people killed in last week's boston marathon bombing. the surviving suspect, 19-year-old dzhokhar tsarnaev is in the hospital right now in serious but stable condition with a gunshot wound to the neck. he could be criminally charged as irlly as today, and we are waiting to find out what, if anything, he might be communicating to law enforcement officials. zoraida? >> let's get you up to date on some other stories.
Apr 22, 2013 8:00am PDT
. >> reporter: now funded by a small tax on all phone bills you can see it on yours, the program has exploded with companies advertising free phones, many of which come with more than 250 minutes of time, far more than needed for emergencies obviously. those supporters argue some need phones to find a job but the fcc told congress the top five providers can not verify the eligibility of 41% of those who get the phones. listen. >> i hear from law enforcement that these phones are often found at crime scenes and are used in drug deals. why? because you can't trace them. >> just handing out phones willy-nilly and allowing them to be sold on the black market, this isn't the way to do it and we need to stop. >> reporter: now some recipients famously called them obama phones. there is one supporter who boasted to media during the election that all minorities should support the president because he gave them free cell phones. some now propose expanding the free phone service to broadband but mccaskill says the current program is so far out of control we should scrap it and start over, not expand it.
Apr 22, 2013 6:00am PDT
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Apr 22, 2013 7:00am PDT
for internet sales to collect sales tax. >>> and the "washington post" says investors are pouring more money. some wealthy buyers make up 70% of sales. >>> all right. weather looking good around the bay area. nice sunny start to the day to the coastline. the temperatures staying fairly mild in some spots. in the upper 50s already in some areas. 57 degrees in oakland. 57 in vallejo. 57 degrees in san francisco. this afternoon sunshine to the coast.60s evenat th 70s inside the bay and 90 degrees inland in the warmest spots. next couple of days starting to cool down fog returning by wednesday. >> announcer: this national weather report sponsored by the big wedding starring robert d dinero katherine heigl and diane keeton in theaters friday. >>> two police officers were guthe manhunt more the marathon bombers. one gave his life. the other nearly lost his. this morning the friends who became heroes. >>> a legal battle is already brewing over the surviving suspect. should he be treated as an enemy combatant. >>> and a historic tragedy in the rockies. >> i figured,